WHICH ARE BASIC EXEMTIONS FOR TDS ON SALARY

Answer Posted / bharath chowdary

The basic exemption on TDS on salary is Rs.200000/- for male and female.
For senior citizens it is Rs.250000/-  and for super senior citizens it is Rs.500000/-.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

1928


WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?

1441


when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??

2261


We are Interior Decorators in Chennai,Tamilnadu. I would like to know the vat applicable for us 14.5% or 5%. We supply the material and do the works at the sites itself.

2176


What is DSCR and how to calculate the same.

3482






Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)

2026


assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

1188


Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)

1312


i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.

1672


certificate of export is for which items?

1493


interest paid to bank rs.15000 in conection with statutory income tax proceedings.

1633


What is the due date of P.Tax return filing for Staff? Yearly Tax amount with Rs. 30,000/-

1878


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

1676


how we creat e-vat return in tally for punjab

2499


what is the proccesor to caculate the firm assement

1583